Hi,
could someone please talk me through calculating the price, mix and volume variance. i know how to get to the answer through a method but can't think it through:
Thanks
could someone please talk me through calculating the price, mix and volume variance. i know how to get to the answer through a method but can't think it through:
Sales Volume | Price | Units | |||||||||
Product | Actual | Budget | Variance | Actual | Budget | Variance | Actual | Budget | |||
ABC | 66 | 60 | 6 | 1.10 | 1.20 | -0.10 | 60 | 50 | |||
DEF | 50 | 32 | 18 | 1.00 | 0.80 | 0.20 | 50 | 40 | |||
Total | 116 | 92 | 24 | 1.05 | 1.02 | 0.03 | 110 | 90 | |||